Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County


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Quick Scoop on July’s Local CT Housing Markets

Word on the Street: Fairfield, Westport & Weston
2013 vs. 2014

House Clip Art

Just checking in with a quick report on the real estate markets in July before joining the masses and taking a little vacation-

We would expect the housing market to be seasonally slower in the months of July and August as people are in full summer mode and focused on enjoying the warm weather.  However, this July appeared to be slower than last July in Westport and Fairfield.  Weston was singing a different tune though-

In Fairfield, unit sales were down almost 43% from 122 to 70 last month.   The median (midpoint) sale price was also down 9% to $577,500.  The average time on market was up 9% to 97 days.   All this is good news for the buyers out there though since it affords them more bargaining power.    One measure that favored sellers was a 5% increase in the price per square foot from $290 to $305 of homes that sold.

Sales were also slower in Westport with a 6% reduction and 44 July closings.  The median sale price was $1,225,000, down almost 2% from last year.  Market time increased 37% to 101 days.  Yet the price per square foot increased 11% to $436.

Sellers take note: Weston rallied last month with numbers in your favor!  Unit sales were 24% higher this July with 31 compared to 25 last year. The median sale price was up 6% to $820,000.  Giving some leverage to buyers was market time up 40% to an average of 137 days and price per square foot down 3% to $257.

So that’s the quick scoop for now.  Check out the charts with more numbers and print this report following the link below.  I assume there will not be much change in pace next month, but I’m anticipating a rally in September and October when everyone works on making their moves before the holidays and cold weather take over.

Word on the Street Snapshot JULY 2014


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Family Finds New Home in Old Hill

The journey was long for Eric, Roberta and their young son and a new puppy.  Of course, it would be a big lifestyle change from an apartment in Manhattan to a house in the suburbs. First of all, when you could routinely have any nationality of cuisine delivered to your doorstep within 20 minutes, anything less seemed quite inconvenient.  Add to this the perspective of coming from a classic doorman building on the Upper West Side near parks and subways with magnificent pre-war details and 11-foot ceilings, and you were starting with high expectations… as you should!  There was no pressure to move, but it was time for a new experience, a home to spread out in with a yard, an active town, and excellent public schools.

Roberta was drawn to the open space and pastoral scenery in upper Westchester County, New York.  Eric wanted a town with direct train service to Grand Central to make the commute to his Park Avenue office as painless as possible.  The family began their search in Westchester, but after evaluating the homes, amenities and property taxes there decided that Fairfield County Connecticut would be a better fit.

So they set their focus on Westport and rented a summer house there to get to know the town.   Their wish list included a neighborhood with a country feeling and a location on a quiet street, but not too far from the train.  The home needed to be something special- an older house with charm and good bones, or maybe a new construction with timeless style.  There needed to be at least an acre of property with bucolic surroundings.  The ceilings had to be high, and the flow had to be practical as well as aesthetically pleasing.  The architecture had to be true to its form and consistent throughout. High-quality details such as wide plank wood floors and large windows for ample natural light and pretty views were key. A front porch was a plus, and so was a pool.  Last but not least,  the chemistry had to be there.

So we looked.   And we looked.   Over time, we found that the Greens Farms and Old Hill neighborhoods had the location and feeling that Eric and Roberta were looking for.  We saw many, many homes that had many great features. But finding the perfect blend was not easy- as a typical suburban home would not do.   See what Eric, as well as other clients, thought about the process.

Eric & Roberta in Westport

Finally, after two an a half years, the winning home was found!  It was gorgeous.  It was custom built and designed by talented architect, John Fifield.  It had the special combination of flow, uniqueness, proportions,  elegance and setting.   It had a romantic wrap around porch and a pool.   It had the chemistry!

And that’s how the story begins.   A family’s quest leads to their new castle in Old Hill.

…a few months later, all is well!

Photo Jan 07, 11 41 26 PM


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My Home is My Castle.

What is a castle?  In its most basic form, it’s a place that gives us security and privacy.

Home Sweet Home.  It’s the place we cherish, where we feel safe and sound, sometimes happy, other times sad; where we celebrate, gather together, share, work, create, cook, decorate; where we can love and be loved; where we live, grow, rest, dream, and at times sort through the chaos that life often throws at us!  After all, there’s no place like home !

Em 1st day 1st grade 8-30-07Home is a most important place and a most significant asset.   This is why I love to join my clients in the chapter of their lives when it’s time for their next castle.   It is a critical business transaction and a complex process, but most important, it’s an emotional, exciting and monumental time!  I am honored to share this time with my clients, buffer the anxiety,  guide the course and share the joy!

2012 Thanksgiving Dad Kids & CakeOur castles assume all shapes and sizes.   And in the grandest form, a castle is…. well big and grand! Enjoy this one in Darien, Connecticut.

Please share  a comment or image of a precious moment, space or place showing the essence of home for you!  I’ve posted a few of my own.

2011 The Black & White Crew

 

2011-05-31 09.28.10To see more about how I serve my clients, visit my websites at LindaRaymondRealEstate.com and Raveis.com/LindaRaymond .  Please send me a note below if I can assist you with the home of your dreams.

Sincerely,
Linda

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New Listing- New Price- New Neighbor! Westport, Fairfield Housing Update

Ever wonder about the market chain of events prior to your new neighbors moving in?  Well here’s a quick view of the current flow in Westport and Fairfield.

Twenty-six Westport home owners just put their houses on the market within the past 14 days. Three hundred and thirty three (333) homes are for sale in total. Of these homes, 28 have been on the market for awhile but have a brand new price. Eighty-five (85) properties have an accepted offer or are under contract for sale and will result in new neighbors very soon!

In Fairfield, there are 51 new listings and 501 total homes for sale. Sixty-eight (68) listings have been on for awhile but have new prices. There will be 157 new neighbors in town soon, based on the total accepted offers and homes under contract.

Cool Cape with central AC, private fenced yard, two driveways and many updates

Cool Cape with central AC, private fenced yard, two driveways and many updates

One featured listing in Fairfield with a brand new price is 286 Old Stratfield Road, now listed for $382,000 (down from $389,000). This is a cool cape with central air and great curb appeal, located near the new Fairfield Metro. For more market intelligence or to request a showing, please inquire below.

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Beach Brief: Fairfield & Westport CT Housing Markets

As this week of perfect beach weather continues, it seems like a great time for an update on shoreline housing in Fairfield and Westport.

Direct beachfront property! Click for more pics.

Today, there are 80 single-family homes for sale in Westport in the coastal neighborhoods of Compo Beach, Saugatuck Shores and Hillspoint.  Twenty-seven of these properties are on direct waterfront.  Asking prices range from $525,000 to $12,985,000.  One listing has an accepted offer.

In Fairfield, there are 121 active listings in the Beach area and Sasco.   Thirty-three of the homes are directly on the water or beachfront.  Asking prices run the gamut from $260,000 to $62,000,000!  Sixteen of these listings have accepted offers.

For additional housing information or to request a showing, please inquire below.

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Flags at Penfield Beach, Fairfield, CT

Flags at Penfield Beach, Fairfield, CT


  Photo Jul 08, 11 32 10 AM   Photo Jul 08, 11 49 48 AM

Photo Jul 08, 11 50 23 AM


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Family from Scotland Comes Overseas to Live in Connecticut

Greg, a client of mine that worked in the landscaping business referred a new client to me that was being recruited all the way from Scotland to join the landscaping company he worked for called Michael Bellantoni located in White Plains, New York.

Image

So Andew began the process of relocating with his wife Kirsty and three daughters from overseas to join the firm.  They wanted to buy a home in a town with good schools and great prices, and focused in on Bethel, Connecticut.   Despite their stellar credit in Scotland, they could not apply for a mortgage here in the States without any credit history in the US.   So we found them a rental to enable them to establish their credit here while looking for a new home.   After a long search, Andrew and Kirsty found the perfect home, and as Andrew is now well established with his new company, the happy family is enjoying a new life here in Bethel Connecticut!

…Fast forward five years to the family’s move date anniversary, and Kirsty posts her feelings on Facebook, and we have an online exchange,

“Well….today is our 5th Anniversary of moving to the States. It’s been a rollercoaster so far with a couple of highs, but also some lows. I have made life long new friends here, but also miss my besties back home and often long to be able to just jump in the car and go visit them, especially when they’re sick or not doing too well. Our oldest daughter has gotten married and bought her own place with our lovely son-in-law, our middle daughter is in her last year of high school and the youngest will be moving up to become a junior after the summer. I don’t know what the next five years holds, or even the next year. Anyway, here’s to five years in the good old US of A.”

  • Hi Kirsty, I know there’ve been some tough times getting settled here. I wish it was a smoother transition for you and your family. I hope there are many more happy memories to be made here going forward!
  • KirstyBless you Linda, yes, it has been tough at times. But still here five years on…thank you for everything you have done for us, and if I ever need a Realtor in the future, there’s only one person I would trust!  
    If I can help you with any of your moving plans, here or overseas, just let me know!

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Movin’ Like Hot Cakes! Summer Real Estate 2013

Folks have been asking me if the market’s been picking up, and I have to say YES! Here’s a mini-update on what’s happened with me within the past month or so.

My listing on 113 Charles Street in Fairifield SOLD at the end of May for $500,000. It went for 95% of the asking price to a nice young couple that has joined the beach area. The previous owners moved on to a new job promotion in Boston and new home in South Norwalk.

House Beach Grass Optimized 800x600

My listing at 479 South Benson Road, Fairfield also SOLD at the end of May for $750,000 at 94% of list. This was a short sale through Bank of America in which my clients were accepted into BoA’s “Cooperative Short Sale Program”. Believe it or not, I have to say that I was extremely impressed with the bank’s process and efficiency. The entire transaction was managed via the online program called Equator and through educational resources available on the bank’s website. They provided a chart with an overview of the steps in the process and how much time was allotted for each step- and they stuck to it! We closed on time, and my clients moved on with their plans!
Charming front porch complete with swing and private back patio.
Currently under CONTRACT with my buyers, is 921 Kings Highway West in Southport. This is a lovely new construction home that is bank owned with a listing price of $819,900. They can’t wait to move in and enjoy!

921 Kings Hwy W

Also under CONTRACT with my buyers is 5 Ermine Street in Fairfield’s lovely University area. The asking price is $659,900. The happy couple will be uniting here as they prepare to get married. He is coming here from New York’s Big Apple, and she is coming from New Hampshire. They will be moving to Fairfield in time to enjoy the beaches this summer.

5 Ermine

So what’s up and coming, you may ask?

We have an OPEN HOUSE coming up on Sunday June 23rd from 1:00 to 3:00 at 1284 Fairfield Woods Road, Fairfield CT.  This is an impeccable and charming home with four bedrooms, two full baths and nearly a third of an acre with completely fenced level yard.  Asking price is $459,900. Click the image below for more pic’s and info!

1284 Fairfield Woods

…And COMING SOON to the market is Black Rock Gem, 184 Harborview Ave, to be listed at $324,000.   184 Harborview
Stay tuned for more….

So, you can say that things are definitely moving out there!   Let me know if you are ready to move on with your plans.  As always, I’m here to help! -Linda